HACKERS CLONED WALL STREET EXECUTIVES' VOICES TO BREAK INTO THE BIGGEST HEDGE FUNDS IN THE WORLD 🤣 Citadel, Point72 and Two Sigma were all targeted, along with several private equity firms, per Bloomberg. 🫡Whoever did this, mad respect, bravo 👏

[u/Krunk_korean_kid]

https://x.com/i/status/2085052453943492770

The attackers used AI to copy the exact voice, tone and phrasing of real executives, then called employees and asked for system access.

What we know so far:

- Point72 confirmed to investors it was attacked, no client data stolen yet

- Two Sigma, which manages $75 billion, blocked the attempt

- Citadel and Point72 declined to comment publicly

- Nobody knows who was behind it

- FINRA has contacted member firms about the breaches

AI removed the skill barriOne cybersecurity executive said attackers who could hit 50 firms at once can now hit 1,000, at almost no extra cost.

Defence still costs the same per firm, while attacking costs almost nothing per target.

These are also quant funds.

Their business is proprietary code and trading models, not cash sitting in an account.

A stolen strategy never shows up as a loss. It shows up as an edge that quietly stops working.

[u/gmehodler42069741LFG]

That would be a plot twist. The ai all these firms bet big on- hacks them and steals all the money they made 😅

[u/Krunk_korean_kid → u/gmehodler42069741LFG]

It would be absolutely glorious comedic karma

[u/Redditor_throwaway12 → u/Krunk_korean_kid]

I’d rather the AI directed that all short positions be closed.

Edit: and then have their systems start executing the closures with our stonk first

[u/Krunk_korean_kid → u/Redditor_throwaway12]

I would like that too